initial public offerings (IPOs) trading on American exchanges

Thursday, October 17, 2019

Futu Holdings changed its ticker symbol to “FUTU” from “FHL”

HONG KONG, Oct. 18, 2019 (GLOBE NEWSWIRE) -- Futu Holdings, a leading tech-driven online brokerage platform in China, today announced that the Company's ticker symbol on the Nasdaq Global Select Market has changed to “FUTU” from “FHL”. Trading under the new ticker symbol began on Thursday, October 17, 2019.

No actions are needed from FUTU’s current shareholders relative to the ticker symbol change.

Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, commented, “We are pleased that the ‘FUTU’ ticker finally became available given that it clearly more appropriately reflects our brand. Our company’s name has several meanings that reflect the Company’s philosophy. In Chinese, “Futu” means “the road to wealth;” in English, ‘F’ and ‘T’ represent Fortune and Treasure, while “Futu” is also the abbreviation of "For U, To U," which reflects our company’s values and mission of always putting our customers first.”

A few months ago, Futu reached a new milestone in its offerings on wealth management solutions by launching Money Plus, the Company’s online mutual fund distribution platform. Investors can now seamlessly integrate their mutual fund account with a brokerage account, managing stock trading and wealth management all at once on Futu’s platform. The goal of this integration is to cater to investors’ increasing needs for broader wealth management as they accumulate more wealth and become more financially sophisticated. Money Plus now offers a variety of money market, fixed income and equity funds to provide more rewarding and diverse investment services for all clients. With Money Plus, Futu continues to leverage on its advanced technology and cost-effective brokerage services to expand the business as a premium, one-stop asset allocation platform. 

About Futu Holdings Limited

Futu Holdings Limited (FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futu NiuNiu, a highly integrated application accessible through any mobile device, tablet or desktop. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options and exchange-traded funds, or ETFs, across different markets. The Company enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. The Company has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

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